TAKKT AG Boosts Resilience in Q1, Solidifying TAKKT's Market Position

• TAKKT AG reported a free cash flow increase to EUR 21.3 million in Q1 2024, up from EUR 14.5 million in the same period last year.
• The company's gross profit margin improved to 41.2 percent, up from 40.0 percent in Q1 2023.
• TAKKT reported an organic sales decline of 16.5 percent in Q1 2024.
• The adjusted EBITDA margin was at 7.4 percent, with the company implementing structural cost reductions.
• TAKKT's sales reached EUR 269.0 million, down from EUR 321.8 million in Q1 2023.
• Despite a challenging start to the financial year, TAKKT expects organic growth to increase over the course of the year, with an adjusted EBITDA margin forecast of 8.0 to 9.5 percent for the full year.

The next important date, Quarterly Report 1/2024, at TAKKT is on 25.04.2024.

The price of TAKKT at the time of the news was 13,250EUR and did not change compared to the previous day.
13 minutes after the article was published, the price was 13,160EUR this corresponds to a minus of -0,68 % since publication.
At this time, the index SDAX was at 14.207,92PKT (-0,34 %).

TAKKT

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ISIN:DE0007446007WKN:744600

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